: NAVEEN PATIDAR | : 2018-01-09 | :Reveal Answer
Deciding the fees and negotiating on the same can be a tedious task. Generally, the cost is defined based on two conditions:
Imagine you are planning to get onboard a renowned client, which is most likely to elevate your brand recognition. In this case, you need to set up a cost with a low profit. When setting up the cost, you need to consider 3 primary factors:
The profit amount should be added to the amount to be invested in the above-mentioned 3 factors.
In this case, you are an already established brand. So, you are in a good position to demand a profit as high as 50 to 100% percent. The 3 factors to be considered remain the same as those to be considered when opting for an Entry Strategy.